Latest news with #Enova
Yahoo
10 hours ago
- Business
- Yahoo
Navigator Gas, Amon Maritime form JV for ammonia-fuelled gas carriers
Navigator Gas, an operator of liquefied gas carriers, has announced a joint venture (JV) with Amon Maritime named Navigator Amon Shipping to construct two new ammonia-fuelled gas carriers. Navigator will acquire an 80% stake in the JV, with Amon Maritime holding the remaining 20%, subject to investment terms and conditions. The JV aims to build two 51,530m3 capacity vessels, also capable of carrying liquefied petroleum gas. Contracts are already in place with Nantong CIMC Sinopacific Offshore & Engineering for construction at an average cost of $84m per vessel. Navigator CEO Mads Peter Zacho said: 'Expanding our fleet with two modern ammonia carriers capable of using clean ammonia as a fuel, operating in a long-term time charter, is a strategic enabler in meeting the growing demand for a sustainable fuel source in a net-zero economy. 'These modern vessels will be equipped with newly developed technologies that comply with present and future environmental regulations and will thereby deliver great value to both our customers and our shareholders.' Delivery of the vessels is scheduled for June and October 2028. Each vessel project has secured a Nkr90m (approximately $9m) investment grant from Enova, a Norwegian government agency. Most of the purchase price for the vessels is expected to be financed through commercial bank finance, complemented by capital contributions from both Navigator and Amon Maritime. Navigator plans to finance its share of the capital contributions from available cash resources, expecting these investments to be accretive to the company's earnings. Upon delivery, and subject to customary conditions, each vessel will be operated by the JV under long-term time charters with a blue-chip industry leader for five years from delivery. Amon Maritime CEO André Risholm said: 'Amon Maritime was founded with a vision to lead the green shift in shipping by pioneering the use of ammonia fuel. 'We are proud to realise this vision alongside our forward-looking and competent partners in Navigator Gas, serving ammonia-powered transportation services to market leaders. We are very satisfied to expand and strengthen our relationship with Navigator Gas further by constructing and operating these vessels.' "Navigator Gas, Amon Maritime form JV for ammonia-fuelled gas carriers" was originally created and published by Ship Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Forbes
14 hours ago
- Business
- Forbes
Cultivate Growth From The Inside: A Guide To Leadership Development
A passionate HR Executive with over 25 years of experience, Claudine Kourkoumelis currently leads the people team at Enova. Empowering and cultivating your leaders is important to the success of your organization. It is crucial that your leaders have the soft skills needed to step into the role and lead a team. Annually, organizations allocate more than $46 billion to leadership development initiatives, so they need to ensure the initiatives are effective. Leadership development shouldn't be confined to the executive suite. It must nurture both emerging and experienced leaders from the bottom up. An employee's day-to-day attitude and engagement are directly tied to their manager; in fact, 70% of a team member's engagement is determined by their direct manager. I want to explore the importance of establishing a structured leadership program so that all managers receive the same training. In this article, I'll discuss the role mentorship plays and how to develop a multilevel mentorship program. Lastly, I'll discuss the significance of promoting growth and a continuous learning culture. By following this approach, your organization can develop junior leaders and continue cultivating executive leadership. Establish A Leadership Development Program Sometimes, new or emerging leaders have no direct experience managing teams, whether in past roles or at your organization. With a strong leadership program, you can teach them the key, transferable skills that will contribute to their success. At Enova, for example, we host a quarterly 'Manager Ramp-Up' cohort so new managers can explore foundational topics around managing and leading people and teams. When building a leadership program, you must create a curriculum with sessions focused on leadership effectiveness, emotional intelligence and building trust with team members. If your organization already has a leadership program, ensure there are clearly articulated goals in place to determine effectiveness. You should track quantitative data like performance, promotion and retention rates across program alumni. Equally important is collecting qualitative data. Distribute feedback surveys at the program's midpoint and conclusion, and monitor any employee opinion survey data that measures a manager's effectiveness. Be sure you're tapping into team members with growth potential, not just current or new managers. Providing an early opportunity to learn leadership skills encourages top talent and reinforces your company's commitment to supporting career growth. This is vital because employees are more likely to stay with an employer that invests in their learning and development. Offer Mentoring Opportunities While structured leadership programs lay the groundwork, mentorship provides crucial one-on-one guidance and real-life modeling. Beyond gaining more practical knowledge, employees with mentors (even informal ones) are more engaged at work and often are easier to retain. These connections can even extend beyond the shared workplace; Harvard Business Review once reported that 84% of successful CEOs still turned to their mentor when facing tough decisions. An official mentorship program needs clear goals and objectives that tie directly to your overall company goals and values. For example, at Enova, one of our core values is Top Talent and Teamwork, and our mentorship program reflects this by having an objective to increase internal mobility. We aim to prepare high-potential team members for leadership roles by pairing them with experienced managers from different departments. It's important that your mentorship program has a formal process and structure that fits your company's culture. Our program, which requires a one-year commitment minimum from all parties, pairs an executive with three mentees at the director level, each of whom then gets three mentees of their own from the manager and senior associate levels. We chose this structure so team members at different levels could interact with each other and build connections throughout the company. To participate, our employees must complete an application that gathers what they hope to learn and what they're looking for in a mentor. Once mentees and mentors are matched, they attend a kickoff training that explains the program and sets expectations. From there, it's up to each pair to schedule their own meetings. While resources are provided to support the relationship, each pair's relationship may look different. Promote A Growth Mindset Growth and continuous learning are essential for employee success, especially among future leaders. Here are a few strategies for developing this mindset within your organization. • Encourage strategic goal setting. Have employees establish professional goals that tie back to business goals. For example, joining a stretch project would allow an employee to step outside of their comfort zone, learn new skills and contribute to business outcomes. • Host company learning sessions. In-person presentations, like tech talks or lunch-and-learn sessions, are an informal way for leaders to share their knowledge. Presenters could discuss their current projects, offer key takeaways from a recent conference they attended or teach employees how to leverage different tech tools. • Provide online resources. Designing online coursework is another way to encourage continuous learning. Lessons can cover a broad subject matter or focus on specific department topics or skill sets. For example, we have lessons centered around allyship. • Support continuing education. External resources can reinforce a learning culture. Encourage participation in virtual training courses, and support attending conferences or obtaining certifications. Our technology teams offer employees a yearly stipend to advance their career skills by attending conferences, joining webinars or taking certification courses. Cultivating leaders at every level of your organization is not just a strategic investment. Holistic leadership development is a necessity that drives engagement, retention and performance. When you prioritize the growth of your people, you create a culture where current and future leaders can thrive. In turn, your organization can remain resilient, innovative and future-ready. Forbes Human Resources Council is an invitation-only organization for HR executives across all industries. Do I qualify?
Mid East Info
14-07-2025
- Automotive
- Mid East Info
Enova and Schneider Electric Join Forces to Advance Energy Solutions in the Gulf - Middle East Business News and Information
Partnership combines Schneider Electric's advanced technologies with Enova's energy performance services to deliver smart, data-driven, and future-ready energy systems Collaboration is aimed at empowering organizations to meet evolving sustainability goals Enova – a premier provider of integrated energy and multi-technical solutions and a Majid Al Futtaim and Veolia joint venture has entered a strategic collaboration with Schneider Electric, a global leader in the digital transformation of energy management and automation. This collaboration brings to the fore Schneider Electric technologies — including microgrids, photovoltaic (PV) systems, and electric vehicle (EV) charging infrastructure — with Enova's deep expertise in energy efficiency strategies and advanced asset management systems. As the region intensifies efforts to decarbonize its economy and transition toward cleaner and more resilient energy systems, the collaboration will focus on driving impactful outcomes in energy efficiency and emissions reduction. Renaud Capris, Chief Executive Officer of Enova, commented, 'As we accelerate our progress towards a sustainable energy future in the Gulf, our collaboration with Schneider Electric enables us to integrate advanced technologies and energy efficient solutions and to optimize our service portfolio and enhance value for our clients. Since its establishment in 2002 as a joint venture between Majid Al Futtaim and Veolia, Enova has enabled clients across the region to achieve more than AED 530 million in total energy cost savings and reduce carbon emissions by over 580,000 tons. Capris added, 'Together, we are uniquely positioned to enable our clients across diverse sectors optimize their energy use and decarbonize operations in alignment with Enova stakeholders' environmental objectives – including Veolia's GreenUp strategic program – while making a meaningful contribution to the region's environmental goals.' Amel Chadli, President of Gulf Countries at Schneider Electric, said: 'As the region places greater urgency on decarbonizing its economy and building more resilient energy systems, it has become increasingly important for businesses, of various sectors, to optimize energy consumption, maintain a healthy and productive environment, and update aging facilities.' She added: 'Our collaboration with Enova builds on our commitment to set a new standard for decarbonization in the region through the convergence of technology and expertise. Our shared goal is to support organizations in driving meaningful transformation through sustainability, innovation, and operational resilience.' The collaboration will drive the adoption of smart technologies and support the integration of renewable energy into core business operations. The initiative empowers businesses to contribute meaningfully towards regional goals to scale clean energy and efficiency, through Schneider Electric's EcoFit and EcoCare programs, aimed at modernizing aging systems and ensuring circularity. By integrating Schneider Electric's connected technologies with Enova's on-the-ground capabilities in asset management and technical operations, the two companies will deliver future-ready solutions that respond to clients' evolving sustainability requirements. About Schneider Electric: Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for all. About Enova: Enova is the regional leader in integrated energy and multi-technical services, offering comprehensive and performance-based Energy and Facilities Management solutions to its clients to help achieve their financial, operational, and environmental targets. With more than 5,700 highly trained and multi-skilled employees, Enova serves a wide portfolio of clients in the public, residential, commercial, industrial, and healthcare sectors across the region. Enova was created in 2002 as a joint venture between Majid Al Futtaim and Veolia. Majid Al Futtaim is the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia. Veolia is a global leader in optimised resource management; designing and providing water, waste, and energy management solutions which contribute to the sustainable development of communities and industries.
Zawya
14-07-2025
- Automotive
- Zawya
Enova and Schneider Electric join forces to advance energy solutions in the Gulf
Collaboration is aimed at empowering organizations to meet evolving sustainability goals Enova – a premier provider of integrated energy and multi-technical solutions and a Majid Al Futtaim and Veolia joint venture has entered a strategic collaboration with Schneider Electric, a global leader in the digital transformation of energy management and automation. This collaboration brings to the fore Schneider Electric technologies — including microgrids, photovoltaic (PV) systems, and electric vehicle (EV) charging infrastructure — with Enova's deep expertise in energy efficiency strategies and advanced asset management systems. As the region intensifies efforts to decarbonize its economy and transition toward cleaner and more resilient energy systems, the collaboration will focus on driving impactful outcomes in energy efficiency and emissions reduction. Renaud Capris, Chief Executive Officer of Enova, commented, 'As we accelerate our progress towards a sustainable energy future in the Gulf, our collaboration with Schneider Electric enables us to integrate advanced technologies and energy efficient solutions and to optimize our service portfolio and enhance value for our clients. Since its establishment in 2002 as a joint venture between Majid Al Futtaim and Veolia, Enova has enabled clients across the region to achieve more than AED 530 million in total energy cost savings and reduce carbon emissions by over 580,000 tons. Capris added, 'Together, we are uniquely positioned to enable our clients across diverse sectors optimize their energy use and decarbonize operations in alignment with Enova stakeholders' environmental objectives – including Veolia's GreenUp strategic program – while making a meaningful contribution to the region's environmental goals.' Amel Chadli, President of Gulf Countries at Schneider Electric, said: "As the region places greater urgency on decarbonizing its economy and building more resilient energy systems, it has become increasingly important for businesses, of various sectors, to optimize energy consumption, maintain a healthy and productive environment, and update aging facilities.' She added: 'Our collaboration with Enova builds on our commitment to set a new standard for decarbonization in the region through the convergence of technology and expertise. Our shared goal is to support organizations in driving meaningful transformation through sustainability, innovation, and operational resilience." The collaboration will drive the adoption of smart technologies and support the integration of renewable energy into core business operations. The initiative empowers businesses to contribute meaningfully towards regional goals to scale clean energy and efficiency, through Schneider Electric's EcoFit and EcoCare programs, aimed at modernizing aging systems and ensuring circularity. By integrating Schneider Electric's connected technologies with Enova's on-the-ground capabilities in asset management and technical operations, the two companies will deliver future-ready solutions that respond to clients' evolving sustainability requirements. -Ends- About Schneider Electric Schneider's purpose is to create Impact by empowering all to make the most of our energy and resources, bridging progress and sustainability. At Schneider, we call this Life Is On. Our mission is to be the trusted partner in Sustainability and Efficiency. We are a global industrial technology leader bringing world-leading expertise in electrification, automation and digitization to smart industries, resilient infrastructure, future-proof data centers, intelligent buildings, and intuitive homes. Anchored by our deep domain expertise, we provide integrated end-to-end lifecycle AI enabled Industrial IoT solutions with connected products, automation, software and services, delivering digital twins to enable profitable growth for our customers. We are a people company with an ecosystem of 150,000 colleagues and more than a million partners operating in over 100 countries to ensure proximity to our customers and stakeholders. We embrace diversity and inclusion in everything we do, guided by our meaningful purpose of a sustainable future for more information please visit: Discover Life Is On Discover EcoStruxure About Enova Enova is the regional leader in integrated energy and multi-technical services, offering comprehensive and performance-based Energy and Facilities Management solutions to its clients to help achieve their financial, operational, and environmental targets. With more than 5,700 highly trained and multi-skilled employees, Enova serves a wide portfolio of clients in the public, residential, commercial, industrial, and healthcare sectors across the region. Enova was created in 2002 as a joint venture between Majid Al Futtaim and Veolia. Majid Al Futtaim is the leading shopping malls, communities, retail, and leisure pioneer across the Middle East, Africa, and Asia. Veolia is a global leader in optimised resource management; designing and providing water, waste, and energy management solutions which contribute to the sustainable development of communities and industries. Please follow us on: For more information, please visit About Veolia Veolia's ambition is to become the benchmark company for ecological transformation. With nearly 218,000 employees on five continents, the Group designs and deploys useful, practical solutions for managing water, waste and energy that help to radically change the world. Through its three complementary activities, Veolia contributes to developing access to resources, preserving available resources and renewing them. In 2023, the Veolia group served 113 million people with drinking water and 103 million with wastewater services, produced 42 terawatt-hours of energy and recovered 63 million metric tons of waste. Veolia Environnement (Paris Euronext: VIE) generated consolidated sales of €45.3 billion in 2023. About Majid Al Futtaim Founded in 1992, Majid Al Futtaim is an Emirati-owned, diversified lifestyle conglomerate operating across the Middle East, Africa and Asia. The Group started from one man's vision to transform the face of shopping, entertainment, and leisure to 'create great moments for everyone, every day'. It has since grown into one of the region's most respected businesses, employing 43,000 people, with owned assets valued at US$18 billion and has the highest credit rating (BBB) among privately held corporates in the region. Majid Al Futtaim owns and operates 29 shopping malls, 7 hotels and four mixed-use communities, welcoming more than 600 million customers through its doors every year. Majid Al Futtaim operates more than 600 VOX Cinemas screens as well as a portfolio of world-class leisure and entertainment experiences across the region including four indoor ski locations in Dubai, Abu Dhabi, Cairo and Oman as well as family entertainment centers Magic Planet and Little Explorers. It is the proud owner of the flagship Mall of the Emirates, Mall of Egypt, and Mall of Oman with the iconic City Centre shopping malls rounding out its portfolio across the region. The Group partners with world-class fashion, home, speciality retail and beauty brands, including lululemon, LEGO, Crate and Barrel, Shiseido, with over 70 stores and 20 digital platforms across the GCC. It also owns and operates THAT Concept Store, a multi-brand retail destination and app. Majid Al Futtaim is also the exclusive franchisee for Carrefour across markets in the Middle East, Africa and Asia, serving 770,000 customers daily. These offerings are powered by the UAE's fastest growing loyalty programme SHARE, which offers customers a more personalised and data driven experience. The developer of choice for the region, Majid Al Futtaim is the creator of mixed-use communities including Tilal Al Ghaf in Dubai and Al Mouj in Muscat. Majid Al Futtaim has continued to set the standard for sustainable growth through its Dare Today, Change Tomorrow sustainability strategy. The Group is committed to becoming Net Positive in water and carbon by 2040. Please follow us on: For media inquiries contact: Mohammed Abdulla (mabdulla@ and Hanzla Wajid (hwajid@
Al Bawaba
14-07-2025
- Business
- Al Bawaba
Enova and Schneider Electric Join Forces to Advance Energy Solutions in the Gulf
Enova – a premier provider of integrated energy and multi-technical solutions and a Majid Al Futtaim and Veolia joint venture has entered a strategic collaboration with Schneider Electric, a global leader in the digital transformation of energy management and automation. This collaboration brings to the fore Schneider Electric technologies — including microgrids, photovoltaic (PV) systems, and electric vehicle (EV) charging infrastructure — with Enova's deep expertise in energy efficiency strategies and advanced asset management the region intensifies efforts to decarbonize its economy and transition toward cleaner and more resilient energy systems, the collaboration will focus on driving impactful outcomes in energy efficiency and emissions Capris, Chief Executive Officer of Enova, commented, 'As we accelerate our progress towards a sustainable energy future in the Gulf, our collaboration with Schneider Electric enables us to integrate advanced technologies and energy efficient solutions and to optimize our service portfolio and enhance value for our its establishment in 2002 as a joint venture between Majid Al Futtaim and Veolia, Enova has enabled clients across the region to achieve more than AED 530 million in total energy cost savings and reduce carbon emissions by over 580,000 added, 'Together, we are uniquely positioned to enable our clients across diverse sectors optimize their energy use and decarbonize operations in alignment with Enova stakeholders' environmental objectives – including Veolia's GreenUp strategic program – while making a meaningful contribution to the region's environmental goals.'Amel Chadli, President of Gulf Countries at Schneider Electric, said: "As the region places greater urgency on decarbonizing its economy and building more resilient energy systems, it has become increasingly important for businesses, of various sectors, to optimize energy consumption, maintain a healthy and productive environment, and update aging facilities.'She added: 'Our collaboration with Enova builds on our commitment to set a new standard for decarbonization in the region through the convergence of technology and expertise. Our shared goal is to support organizations in driving meaningful transformation through sustainability, innovation, and operational resilience."The collaboration will drive the adoption of smart technologies and support the integration of renewable energy into core business operations. The initiative empowers businesses to contribute meaningfully towards regional goals to scale clean energy and efficiency, through Schneider Electric's EcoFit and EcoCare programs, aimed at modernizing aging systems and ensuring circularity. By integrating Schneider Electric's connected technologies with Enova's on-the-ground capabilities in asset management and technical operations, the two companies will deliver future-ready solutions that respond to clients' evolving sustainability requirements.
